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Sanchez depends on Jennifer and considers her to be a trustworthy caregiver. However, Jennifer informs Mr. Sanchez that she can no longer be his caregiver unless he promises to leave his estate to her in his will. Since Mr. Sanchez does not have anyone else to care for him, he accepts this agreement. Under which condition would a court of law allow Mr. Sanchez to void this agreement? 6.Which defense can be used when one party to an agreement threatens violence against another party to the agreement to persuade the latter to modify the agreement? What is true about the statute of frauds for common law contracts? According to the statute of frauds, what is one component that is consistently required for a contract to be valid? To which of the following common law contracts will the statue of frauds best apply? Gadgetbug Corp. and Alba Inc. are two companies that have entered into a contract. According to the terms of this contract, if any one party breaches the contract, it will pay the nonbreaching party a fixed amount of $50,000. What type of remedy for contract breaches is best illustrated in the scenario? In the context of remedies to breach of contract, what is true about compensatory damages? Identify the type of remedy for contract breaches in which a nonbreaching party also recovers damages for foreseeable indirect losses.